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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Liability

The derivative liability, as it relates to the instrument, is shown in the following table:

 

Beginning balance, January 1, 2018   $ -  
Additional issuance     53,000  
Change in value of derivative liability     191,004  
         
Fair Value, December 31, 2018   $ 244,004  
         
Change in value of derivative liability     139,848  
         
Fair Value, December 31, 2019   $ 383,852  
Schedule of Fair Value Assumptions of Derivative Liability

The derivative liability was valued using the Black-Scholes method with the following inputs:

 

Expected life     9 months  
Stock price volatility     193.33 %
Annual risk-free interest rate     2.63 %
Expected dividends     None  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis were presented on the Company’s consolidated balance sheet as of December 31, 2019 and 2018 as follows:

 

    Fair Value Measurements at December 31, 2019  
    Using Fair Value Hierarchy  
Description   Total     Level 1     Level 2     Level 3  
                         
Derivative liability   $ 383,852     $ -     $ -     $ 383,852  
Total   $ 383,852     $ -     $ -     $ 383,852  

 

    Fair Value Measurements at December 31, 2018  
    Using Fair Value Hierarchy  
Description   Total     Level 1     Level 2     Level 3  
                         
Derivative liability   $ 244,004     $ -     $ -     $ 244,004  
Total   $ 244,004     $ -     $ -     $ 244,004